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In AI infrastructure the binding constraint is no longer chips or capital, it is megawatts on the meter, and the utility interconnection queue can stall a new campus for years.
That is the lens for a deal struck this week in North Dakota: an offtake agreement covering the planned Nakota AI Data Campus, a roughly 1 GW build designed around independent, behind-the-meter natural gas generation rather than a grid tie.
The counterparties are Nidar Infrastructure Limited, parent of India's Yotta, on the demand side, and the private operator Tachyon9, whose public vehicle and investable detail is Nixxy, Inc.
(NASDAQ: NIXX); per the companies the offtake reflects the terms contemplated under their earlier MOU, contracting about $156 million in annual recurring revenue on the initial 100 MW phase with a right of first offer toward up to $1.5 billion a year at full buildout.
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